Qsemble Capital Management LP Buys New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Qsemble Capital Management LP purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,752 shares of the technology company’s stock, valued at approximately $843,000.

Several other institutional investors and hedge funds also recently modified their holdings of BWXT. Thrivent Financial for Lutherans grew its position in BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after buying an additional 530,749 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after acquiring an additional 318,598 shares during the period. Sapient Capital LLC bought a new position in shares of BWX Technologies in the second quarter valued at approximately $29,408,000. American Century Companies Inc. increased its stake in shares of BWX Technologies by 37.9% during the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after acquiring an additional 203,067 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after purchasing an additional 192,042 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.5 %

BWXT stock opened at $132.35 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market capitalization of $12.10 billion, a P/E ratio of 43.82, a P/E/G ratio of 4.45 and a beta of 0.69. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The company’s 50 day simple moving average is $119.17 and its 200-day simple moving average is $103.72.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.73%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BWXT shares. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial lifted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.